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City

MPs launch inquiry into sexism in the City after sector rocked by scandals

A group of MPs have launched a probe into sexism and misogyny in the City after recent months have unveiled sexual assault allegations by female staff members at influential businesses. The Treasury Committee, which scrutinises the work of the ...

14 Jul 2023 at 11:41

Personal Finance

‘Lack of clarity’ concerns raised over impact of self-assessment helpline change

The chairwoman of a powerful Commons committee has expressed disappointment at a “lack of detail and transparency” over questions on the summer closure of an important taxpayer helpline. Harriett Baldwin was speaking after the Treasury ...

28 Jun 2023 at 15:58

Personal Finance

Savings providers must keep customers informed about available rates – watchdog

Savings providers will have to make sure customers are kept adequately informed of available interest rates and consider additional switching support for groups who could be better off, the head of the City regulator has said. Nikhil ...

18 Jul 2023 at 11:34

City

MPs criticise UK banks after HSBC profits surge on higher interest rates

MPs and activists have criticised the UK banking sector after HSBC became the latest bank to report surging profits as it benefited from higher interest rates squeezing borrowers. The global banking giant saw its pre-tax profit more ...

01 Aug 2023 at 16:42

City

Parts of crypto industry are a ‘Wild West’, warns Treasury Committee

Parts of the crypto industry resemble the “Wild West”, the Treasury Committee has warned amid its inquiry into the regulation of crypto firms. Around 85% of crypto-asset firms who applied to the UK’s financial regulator, the ...

26 Jan 2023 at 14:56

Personal Finance

Average 27-minute wait on HMRC self-assessment helpline in January

People calling HM Revenue & Customs’ self-assessment helpline have faced a 27-minute waiting time on average so far this month. In December, the average waiting time was 28 minutes, according to a letter from HMRC chief ...

25 Jan 2023 at 10:23

Personal Finance

‘Harm to loyal savers will have increased with interest rate rises’

The harm done to longstanding savers sitting on less competitive rates is expected to have increased as interest rates have risen, according to the head of the City regulator. Writing to the Treasury Committee, Nikhil ...

20 Apr 2023 at 11:04

Top Labour donors would not get ‘automatic pass’ to honours, party chair says

Major Labour donors would not get an “automatic pass” to receiving honours if the party wins power, its chairwoman said as she criticised Rishi Sunak for recommending a knighthood for a top Tory backer. Businessman ...

29 Mar 2024 at 09:54

Major Tory donor and four Conservative MPs given honours

A major Tory donor and four MPs have been awarded honours on the recommendation of Rishi Sunak. Businessman Mohamed Mansour, who gave £5 million to the Tories in 2023 and is a senior treasurer at the party, was ...

28 Mar 2024 at 19:27

City

Promised reforms to City ‘feel like a damp squib’, says Treasury Committee

A set of reforms to the City promised by the Chancellor last year have been left feeling like a “damp squib” as much of what he said he has delivered has not materialised, an influential group of MPs has said. ...

08 Dec 2023 at 00:01

Hunt claims tax rises needed to fund Labour’s £28bn green spending pledge

Income tax would need to rise by 4% to fund Labour’s £28 billion green spending pledge, according to Jeremy Hunt. The Chancellor also claimed that an alternative approach to increase spending by £28 billion ...

07 Feb 2024 at 09:47

Personal Finance

HMRC halts plans for helpline shake-up following criticism

Plans to shake up HM Revenue & Customs’ (HMRC) helpline services, which would have seen the self-assessment helpline closed for some of the year, have been halted following an outcry. On Tuesday, HMRC ...

20 Mar 2024 at 14:50

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